Tags: Obama | Housing | caps | bonuses

Obama Administration Sets Housing Agency Pay Caps

Monday, 04 Jun 2012 07:06 PM

 

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The Obama administration is clamping down on excessive pay at public housing authorities by setting caps that extend and expand limits imposed by Congress.

The action comes in the wake of reports last year of huge salary packages at a handful of housing agencies, including two executives who were paid more than $600,000 each.

Senior administration officials say the Housing and Urban Development Department plans to set a maximum salary ceiling of $155,000. The department undertook a national survey of salaries and found that a few top local housing officials were getting at least twice that limit.

Among those receiving large pay packages were to top executives at housing agencies in Atlanta, Los Angeles, Philadelphia and Chelsea, Mass. All the executives at those agencies have left their jobs.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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